FDX Q1 2024 Earnings — FedEx Corporation Revenue & Financial Results | Market Cap Arena

FDXFedEx Corporation

$86B

Q1 2024 Earnings

Industrials Integrated Freight & Logistics

Income Statement

Revenue

$21.7B-6.7% YoY

Gross Profit

$4.7B21.7% margin

Operating Income

$1.6B7.3% margin

Net Income

$1.1B5.0% margin

EPS (Diluted)

$4.24

QoQ Revenue Growth

-1.1%

Cash Flow

Operating Cash Flow

$2.2B

Free Cash Flow

$940M

Stock-Based Comp.

$56M

Balance Sheet

Total Assets

$87.6B

Total Liabilities

$61.0B

Stockholders' Equity

$26.5B

Cash & Equivalents

$7.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$21.7B	$23.2B	-6.7%
Gross Profit	$4.7B	$4.7B	+0.1%
Operating Income	$1.6B	$1.2B	+27.9%
Net Income	$1.1B	$875M	+23.2%

Revenue Segments

Fedex Express Segment

$10.1B47%

Fedex Ground Segment

$8.4B39%

Fedex Freight Segment

$2.3B11%

Corporate Reconciling Items And Eliminations

$813M4%

Fedex Services Segment

$72M0%